Localiza Rent A Car (Localiza Rent A Car) COGS-to-Revenue : 0.59 (As of Mar. 2024)

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What is Localiza Rent A Car COGS-to-Revenue?

Localiza Rent A Car's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,030 Mil. Its Revenue for the three months ended in Mar. 2024 was $1,744 Mil.

Localiza Rent A Car's COGS to Revenue for the three months ended in Mar. 2024 was 0.59.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Localiza Rent A Car's Gross Margin % for the three months ended in Mar. 2024 was 40.96%.

Localiza Rent A Car COGS-to-Revenue Historical Data

The historical data trend for Localiza Rent A Car's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Localiza Rent A Car COGS-to-Revenue Chart

Localiza Rent A Car Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.75

0.72

0.57

0.63

0.71

Localiza Rent A Car Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.55	0.57	0.69	0.69	0.59

Localiza Rent A Car COGS-to-Revenue Calculation

Localiza Rent A Car's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4210.418	/	5898.666
	=	0.71

Localiza Rent A Car's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1029.881	/	1744.327
	=	0.59

Localiza Rent A Car (OTCPK:LZRFY) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Localiza Rent A Car's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1029.881 / 1744.327
	=	40.96 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Localiza Rent A Car COGS-to-Revenue Related Terms

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Localiza Rent A Car (Localiza Rent A Car) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Localiza Rent A Car SA (OTCPK:LZRFY) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

RENT3:Brazil

Address

Avenida Bernardo Vasconcelo, No 377 - Cachoeirinha, Belo Horizonte, MG, BRA, 31150-900

Website

https://www.localiza.com

Localiza Rent A Car SA is a car rental service provider with the majority of its operations in Brazil. Through its subsidiaries, the company rents cars to individuals, manages corporate car fleets, sells its fleet to the general public, and offers a franchise model. Franchisees account for roughly half of Localize's car rental locations, while the majority of cars accessible with Localize are owned by the company. The fleet rental division has long-term agreements with companies that come up for renewal roughly every two to three years. The car rental segment delivers three-quarters of yearly revenue, and fleet rental makes up the rest, with an insignificant share contributed by the franchise management division.

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